by Colleen Henneberry, Gabriel Philipsen–
The News Feed pocasters Gabriel Philipsen and Colleen Henneberry discuss why the Metaverse, the big virtual environment closely tied with Facebook’s rebrand into the company Meta, has entirely disappeared after less than 3 years.
The shutdown of the assumed 13 trillion dollar entity is one that does not have a definite single-point cause of death, but rather many disparate causes, failures and problems that created a whirlwind that suckered investors and gained lots of hype, only to disappoint everyone who bought in and prove skeptics correct.
What makes this a body worth dissecting is the night-and-day difference between expectation and reality, and as a cautionary tale for the rest of the Web 3.0 tech crowd. Facebook is still one of the most popular websites around, but the Metaverse could only muster up 38 daily users.
With Apple’s upcoming plans for VR and the extreme backlash to generative AI art and text generation, tune into this short podcast by Gabriel and Colleen to get an overview on how Facebook learned the lesson of novelty-based-products the hard way.
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